- On the sidelines on the G20 Summit in Delhi a set of pivotal declarations were announced ( G20 Leaders Delhi Declaration full text available here ). The #G20 nations have laid out a transformative agenda within which India will be a medium for economic integration between West Asia and Europe.
- Pleased to share that SFO continues to support the formation of the New Economic Corridors as we work to address infrastructure gaps across low-middle-income countries while renovating developed nations.
- In order to maximise the impact of our investments we are working closely with most countries to pare off their external debt, fiscal deficit, revenue deficit, investments towards SDG 2030 goals related essential infrastructure, funding International Solar Alliance and funding Global Biofuels Alliance.
- While the B20 transfer of leadership was done in the last week of August 2023 https://tinyurl.com/2vr5bbzj, the G20 transfer shall take place tomorrow.
- In 2023, India has taken G20 to the next level. In 2024, we want to take this effort a step further to expand the scope of cooperation into G21 now to wider areas including supply chains to link people together by strengthening connectivity across economic corridors in Global South as well.
About B20
- The Business 20 (B20) is the official G20 dialogue forum with the global business community. Established in 2010, the B20 is among the most prominent G20 Engagement Groups. Its working proceeding is based on Task Forces and Action Councils entrusted with key thematics that drive the priorities of each B20 edition. They are composed of around 1.000 businesses representatives from the G20 countries and from selected invited countries and international organizations. The B20 officially conveys its final recommendations to the G20 Presidency at the B20 Summit.
B20 Mission
- To serve as a strategic platform for the business community to build consensus and set priorities on policies to address global economic challenges.
B20 Goals
- Represent the interests of the business community in relation to the G20, foster dialogue between private and public sector at G20 level and deliver impactful and differentiated policy recommendations to the G20.
Brazil G20/B20 Theme
- The theme “Inclusive Growth for a Sustainable Future” will serve as the guiding principle for B20 Brazil’s endeavors. This theme covers 5 pillars that make up the B20 Brazil Guiding Claim and will steer the discussions of the Task Forces and the Action Council:
- Promote inclusive growth and combat hunger, poverty and inequalities.
- Accelerate a fair net zero transition.
- Increase productivity through innovation.
- Foster resilience of global value chains.
- Enhance human capital.
About B20 Brazil
- B20 Brazil has established seven task forces and one action council, each dedicated to a specific area of focus that resonates with the theme “Inclusive Growth for a Sustainable Future” and the 5 pillars that constitute the guiding claim of B20 Brazil.
- These groups bring together experts and leaders from diverse economic sectors to strategise and formulate recommendations for a more equitable, sustainable, and prosperous world.
- Trade & Investment
- Energy Transition & Climate
- Sustainable Food Systems & Agriculture
- Employment & Education
- Integrity & Compliance
- Women, Diversity and Inclusion in Business
- Digital Transformation
- Finance & Infrastructure
About G20
- The Group of Twenty (G20) is the premier forum for international economic cooperation. It brings together the leaders of developed and developing countries from all continents. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to inter-alia include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.
- The G20 Summit is held annually, under the leadership of a rotating Presidency. Brazil will hold the Presidency of the G20 from 1 December 2023 to 30 November 2024. The G20 Presidency steers the G20 agenda for one year and hosts the Summit.
- Collectively, G20 members represent around 87% of the global GDP, 62% of the world´s population, and over 75% of global trade. Throughout the year, representatives from G20 countries gather to discuss financial and socioeconomic issues.
- The 20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, United States, the African Union, and the European Union. In addition, the G20 is reinforced with the expertise of key international organizations regularly invited to meetings, guest countries and the following engagement groups:
- B20 - Business 20 : Dialogue Forum with the international business community. Established in 2010.
- C20 - Civil 20 : Dialogue Forum with non-governmental organizations. Established in 2013.
- L20 - Labor 20 : Dialogue Forum with union representatives. Established in 2011.
- P20 - Parliament20 : Dialogue forum with Parliaments. Established in 2010.
- S20 - Science 20 : Dialogue Forum with national science academies. Established in 2017.
- SAI20 - Supreme Audit Institutions 20 : Dialogue Forum of Supreme Audit Institutions. Established in 2022.
- Startup20 : Dialogue forum for the startup ecosystem stakeholders. Established in 2023.
- T20 - Think 20 : Dialogue Forum with think tanks. Established in 2012.
- U20 - Urban 20 : Dialogue Forum of city representatives and leaders from G20 cities. Established in 2017.
- W20 - Women 20 : Dialogue Forum with women. Established in 2015.
- Y20 - Youth 20 : Youth Summit. Established in 2010.
Towards A Common Future for One Earth, One Family One Future
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